PetSmart subsidiary Chewy sets IPO share price higher than expected

Thursday, 13 June 2019Chewy Inc., the online pet product retailer owned by Phoenix-based PetSmart Inc., has set the price of its initial public offering at $22 per share, the company announced Thursday. Many market watchers have been fervently waiting for the listing, which was first thought to be between $17 and $19 per share, but was raised to the $19-$21 range and now has topped that mark. Chewy is expected to start trading on Friday morning on the New York Stock Exchange under the ticker “CHWY." The offering is…

Doggone, it was fun on Wall Street today. Dogs everywhere outside outside of the New York Stock Exchange. The reason? Chewy.com's IPO, of course. Shares jumped 85% soon after it debuted on the New York Stock Exchange with a first trade of $36. For the serious investor stuff, read these stories about...

Now here's an initial public offering that may or may not make investors smile. Teeth-straightening provider SmileDirectClub late Wednesday announced that its class A shares were priced at $23 a share,..